MBPHANC@EC2702A

CHK OIL

PETRO-KING

D&G TECH

SHANDONG MOLONG

EASY SMART GP

JX ENERGY

MIE HOLDINGS

NUR HOLDINGS

ASTRUM

JINTAI ENERGY H

06682

Phancy Group Dispels Concerns Over Global AI Adoption

marketscreener

PHANCY

Phancy Group Dispels Concerns Over Global AI Adoption

Phancy Group reassures investors after a share price drop, attributing the decline to misinterpretations of AI's impact on traditional software. The company reports 83.9% of its revenue from computing power services, with a 36.8% year-on-year revenue increase for January to September 2025. It emphasizes strong growth in the AI sector and advises cautious trading. The latest analyst rating for its stock (HK:6682) is a Hold with a price target of HK$47.00. Phancy Group focuses on AI-driven computing power services for enterprise clients.

Tip Ranks

Phancy Group Defends Business Outlook as AI Fears Hit Share Price

PHANCY clarified recent rumors that AI large models will replace the software industry, pointing out that the company's main business benefits from the development trend of AI technology. Although the market is concerned about the prospects of the software industry, the company emphasizes that its core business is based on computing power and is committed to promoting customers' intelligent upgrades and digital transformation through AI technology

AASTOCKS

PHANCY clarifies rumors of AI large model replacement: main business benefits from major trends

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EASY SMART GP(02442) fell 21.83%, with a trading turnover 10.8 Million HKD, and a year-to-date fell 51.8%. MIRXES-B(02629) fell 21.67%, with a trading turnover 240.1 Million HKD, and a year-to-date fell 59.1%. ONEROBOTICS(06600) fell 11.62%, with a trading turnover 123.8 Million HKD, and a year-to-date rose 77.3%.

Top Gainers & Losers

MIRXES-B

ONEROBOTICS

ZHEJIANG SHIBAO

DOBOT

CTG DUTY-FREE

FENBI

DL HOLDINGS GP

51WORLD

Top 10 HK Stock Losers (2.24)

00HSI

STECH

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02513

36Kr learned that the Hang Seng Index fell by 1.21%, and the Hang Seng TECH Index dropped by 1.11%; the GEO concept led the decline, with KNOWLEDGE ATLAS down over 6%, MINIMAX-WP and PHANCY down over 5%; consumer and automotive stocks strengthened, with Nio and Cha Bai Dao rising over 6%, and Li Auto and GUMING rising over 3%; southbound funds had a net purchase of HKD 14.859 billion

36Kr

Hang Seng Index

Hang Seng TECH Index

GUMING

KNOWLEDGE ATLAS

MINIMAX-WP

Guotai CSI 800 Automobile and Parts ETF

E Fund CSI Auto Components Thematic ETF

E Fund CSI HK Equities Consumption Theme ETF

ChinaAMC CSI Hong Kong Connect Automobile Industry Thematic ETF

HFT CSI Auto Components Thematic ETF

Yinhua CSI HK Equities Consumption Theme ETF

ChinaAMC CSI Auto Components Thematic ETF

Hua Xia CSI New Energy Vehicles ETF

Ping An CSI Auto Components Thematic ETF

ChinaAMC CSI HK Connect Consumption Theme ETF

ChinaAMC CSI Food & Beverage Sub-Industry ETF

Hwabao WP CSI Intelligent Electric Vehicle ETF

LI AUTO-W

NIO-SW

The Hang Seng Index closed down 1.21%, and the Hang Seng TECH Index fell 1.11%

IG Design Group PLC announced the results of its Extraordinary General Meeting held on February 4, 2026. All resolutions were passed with overwhelming support, including the adoption of new articles of association, a bonus issue of deferred shares, and a proposed capital reduction. The voting results showed 99.97% approval for each resolution, with a total of 98,308,142 ordinary shares eligible for voting. Further details can be found on the company's website.

London Stock Exchange

IG Group Holdings plc

IP Group plc

REG - IG Design Group PLC - Results of Extraordinary General Meeting

Phancy Group Co. Ltd. has announced the resignation of Mr. Peng Jun as joint company secretary, effective January 26, 2026, due to work adjustment. Ms. Yeung Siu Wai Kitty will take over as the sole company secretary, with Mr. Liu Nan as her contact. No other management or board changes were mentioned.

Reuters

Phancy Group Co. Ltd. Joint Company Secretary Peng Jun Resigns

Phancy Group Co., Ltd. has officially rebranded from Beijing Fourth Paradigm Technology Co., Ltd., effective January 7, 2026. The change will not affect shareholders' rights or operations, and existing share certificates remain valid. The stock short name on the Hong Kong Stock Exchange will change from "FOURTH PARADIGM" to "PHANCY" on January 20, 2026, while the stock code 6682 will remain unchanged. The latest analyst rating for the stock is a Hold with a price target of HK$58.00.

Phancy Group Rebrands From Fourth Paradigm, Changes Hong Kong Stock Short Name

Beijing 4Paradigm Intelligent Technology Co. Ltd. has officially changed its English name to Phancy Group Co., Ltd. Consequently, the company's stock short name on the Hong Kong Stock Exchange will be updated from "FOURTH PARADIGM" to "PHANCY."

Beijing 4Paradigm Renames as Phancy Group

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MARKETINGFORCE(02556) rose 32.09%, with a trading turnover 984.3 Million HKD, and a year-to-date rose 46.3%. KNOWLEDGE ATLAS(02513) rose 31.4%, with a trading turnover 2.0 Billion HKD, and a year-to-date rose 79.3%. AFFLUENT FDN(01757) rose 25.43%, with a trading turnover 24.2 Million HKD, and a year-to-date rose 91.2%.

MARKETINGFORCE

AFFLUENT FDN

WEIMOB INC

APAC RESOURCES

BIREN TECH

APT SATELLITE

RIMAG GROUP

INSILICO

Top 10 HK Stock Gainers (1.12)

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Hong Kong stock market overview in the past hour: The Hong Kong stock market has shown a significant sector rotation in the past hour, with technology and pharmaceutical stocks performing particularly well. Capital flow has concentrated on small-cap stocks and thematic stocks, and market sentiment is relatively active. Overall, there is a clear differentiation between strong and weak stocks, with some individual stocks seeing significant gains while others are under pressure. Short-term enthusiasm is high, and volatility is large. The stock with the biggest movement in the past hour is SYNAGISTICS, which surged 30.69%, becoming the market focus. The stock rapidly increased in a short time, with noticeable capital inflow, driving the activity of related sectors. Strong stocks: 1. INSILICO: up 20.11%, driven by short-term capital, with high market attention. 2. APT SATELLITE: up 19.96%, driven by sector rotation, with noticeable capital inflow. 3. FOURTH PARADIGM: up 19.06%, strong technical performance, with high short-term enthusiasm. 4. OPTIMA AUTO: up 18.42%, positive market sentiment, with capital chasing. 5. RIMAG GROUP: up 17.25%, outstanding performance in the pharmaceutical sector, with capital inflow. 6. C STRATEGIC TEC: up 16.84%, driven by short-term capital, with high market attention. 7. JINXUN RESOURCE: up 16.35%, strong performance in resource stocks, with noticeable capital inflow. 8. CDAYENONFER: up 15.70%, active performance in the non-ferrous metal sector, with capital chasing. 9. GCL NEWENERGY: up 15.22%, outstanding performance in the new energy sector, with capital inflow. 10. KINGSOFT CLOUD: up 15.20%, strong performance in technology stocks, with high market attention

HK Stock Movers Tracker

SYNAGISTICS

OPTIMA AUTO

C STRATEGIC TEC

KAISUN HOLDINGS

JINXUN RESOURCE

CDAYENONFER

GCL NEWENERGY

KINGSOFT CLOUD

THELLOY DEV

XUNFEIHEALTH

MEITU

RIBOLIFE-B

ALI HEALTH

WEBX INTL HLDGS

Hong Kong Stock Movement Quick Report: SYNAGISTICS surged 30%, tech stocks lead the rise, KAISUN HOLDINGS fell 16%

FOURTH PARADIGM rose 18.46%; Horizon Robotics-W fell 5.24%, with a transaction volume of HKD 2.553 billion; SenseTime-W rose 5.67%, with a transaction volume of HKD 2.227 billion; Weimob Group surged 22.39%, with a transaction volume of HKD 1.372 billion; Pony.ai-W fell 1.17%, with a market value of HKD 58.5 billion

Hong Kong Stock Movement: MiniMax's listing on the Hong Kong Stock Exchange ignites the market, Fourth Paradigm's stock price soars by 18.46%

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INNOSCIENCE(02577) rose 15.35%, with a trading turnover 833.2 Million HKD, and a year-to-date rose 150.1%. DOBOT(02432) rose 13.45%, with a trading turnover 873.5 Million HKD, and a year-to-date rose 62.3%. SANHUA(02050) rose 12.53%, with a trading turnover 2.3 Billion HKD, and a year-to-date rose 71.6%.

INNOSCIENCE

SANHUA

NUOBIKAN

GUAN CHAO HLDGS

BIDU-SW

UBTECH ROBOTICS

Top 10 HK Stock Gainers (12.30)

Beijing Fourth Paradigm Technology Co., Ltd. announced that shareholders approved all resolutions at its extraordinary general meeting on December 19, 2025. This includes a name change, board refresh with Mr. Pan Jialin as an independent director, and amendments to the Articles of Association, all receiving over 99% approval. These changes reflect strong shareholder support for governance and structural adjustments, potentially impacting its market positioning in Hong Kong and mainland China.

Fourth Paradigm Wins Strong Shareholder Backing for Name Change, Board Refresh and Articles Amendments

MBPHANC@EC2702A(26327.HK)

Phancy Group Dispels Concerns Over Global AI Adoption

Phancy Group Defends Business Outlook as AI Fears Hit Share Price

PHANCY clarifies rumors of AI large model replacement: main business benefits from major trends

Top 10 HK Stock Losers (2.24)

The Hang Seng Index closed down 1.21%, and the Hang Seng TECH Index fell 1.11%